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Description:
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A top consulting firm with offices in the Northeast is looking for Pension Risk Consultants with a thorough understanding of investment theory, pension liability behavior, and the relationship between assets and liabilities. These individuals must also demonstrate confidence and experience in working with senior Finance leadership. The responsibilities of the pension risk consultant will include advising clients on aligning their investment strategies with their overall risk profile, working with clients to develop new investment policies, and in some cases implementing these new investment policies. Risk consultants should be able to lead clients through detailed strategy planning, analysis, and recommendations for managing pension risk. Responsibilities: help clients develop risk reducing/return enhancing fund management structures with involvement ranging from presenting the spectrum of investment options to building a recommended fund management structure, and/or actual implementation of a fund management structure; utilize emerging asset strategies such as liability driven investment (LDI); apply the firm’s suite of risk monitoring tools; understand mechanics of pricing derivatives and swaps, and more importantly the applicability and relevance to pensions in terms of mark-to-market pricing; work across the retirement and investment practices, bringing in specialist advisors for the most technical aspects of fund management and implementation, (e.g. derivative pricing expert); develop risk/reward strategies for the spectrum of pension plans, active, closed, or frozen, that are consistent with the capital structure of the business and enterprise wide risk management; contribute to thought leadership in the pension risk space; and address risk decisions at a global level for multinationals with risk exposure in multiple countries. Qualifications: degree in Actuarial Science, Mathematics, Statistics, Economics or related area; generally 5+ years experience post exams for a fully Qualified Actuary (FSA or EA) or credentialed investment consultant (CFA or equivalent); generally 8+ years of related work experience in investment and/or retirement consulting; and enterprise risk management expertise a plus.
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